7% A&L Cash ISA - Fixed April 2008

krazyk

Hi all,

Thanks for your replies. So I should ignore the A&L ISA (I'm happy with my cahoot current account) but look at the Yorkshire and ING ones. Can I throw another spanner in the works: I would prefer it to be an Internet account. I think some of the mentioned ISAs are postal only?

Krazy K.

masonic

krazyk wrote:

I would prefer it to be an Internet account. I think some of the mentioned ISAs are postal only?

All of the accounts mentioned above are online accounts.

krazyk

Great, ta. I'll look in more depth tomorrow.

Krazy K.

mflyer

I'm not sure if it's already be mentioned here but Alliance & Leicester are offering 7% interest on their ISA linked to their Premium current account (requiring £500 per month pay-ins). Can anyone comment on the small print?

harrijon

mattih5 wrote:

Yes that is an excellant rate but A&L are good at offering high rates like this and then not allowing customers to benefit from new rates. Take for instance when they launched their monly saving account at 12%, to get this you needed to open their current account. They have done the same thing with the new ISA. If you don't have the current account with them I would recommend signing up for it because it is a fantastic account and you can benefit from the ISA as well. But it aint' fair for all us who already have current accounts with them :mad:

A&L are also good at giving the run-around to new starters.
I've spoken to lots of people now and they all say that they got nowhere with their applications for a new accounts.

Also see my post: http://forums.moneysavingexpert.com/showthread.html?t=368591

KTF

mflyer wrote:

I'm not sure if it's already be mentioned here but Alliance & Leicester are offering 7% interest on their ISA linked to their Premium current account (requiring £500 per month pay-ins). Can anyone comment on the small print?

What comment are you after? The only catch is that it you dont pay in the min 500 a month they apply a charge.

davidlizard

From looking at the Alliance and Leicester website, the ISA (that pays 7%) is only available to customers who take the "Premier Current Account", which pays a rubbish 1.5% interest, and is not available to those who take the "Premier Direct Current Account" which pays the 6.1%.

Then it only runs for a year before it falls to 5.25% (at current BOE rates).

Not as attractive as they make out.

Ice_Queen_112

Hi there

I already have an A&L premier current account. Does this mean i am barred from the 7% ISA?

thanks

b21playa

if its anything to go by when doing mortgage application, A&L should be steered clear of.

Took mortgage out in April 2006 and had nothing but problems. will pay it off in the next 2years and close every account that me and the family have with them

Throstle

Kent Reliance are very good at having a high rate which is not the highest, but usually one of the best. Frequently recommended by independent financial advisers, as they were today on Radio 4. I use them every year and have had no problems with their administration. Helpful when you phone in too.